Hoshine Silicon's controlling shareholder releases some pledged shares

Hoshine Silicon Industry Co., Ltd. announced that its controlling shareholder, Ningbo Hoshine Group Co., Ltd. (Hoshine Group), has released 1.35m pledged shares. This represents 0.28% of Hoshine Group's total holdings and 0.11% of the company's total share capital. Following this transaction, Hoshine Group's cumulative pledged shares now stand at 240.9m, accounting for 49.50% of its direct holdings and 20.38% of Hoshine Silicon Industry's total share capital.

As of the announcement date, Hoshine Group and its concerted parties collectively hold 869.1m shares, or 73.52% of the company's total share capital. After the partial release, their combined pledged shares total 431.75m, representing 49.68% of their aggregate holdings and 36.52% of the company's total share capital.

Hoshine Group assured that its credit and financial condition remain robust, with future debt repayment sources including operating income, investment income, and dividends from company shares. The pledge risk is deemed manageable, with no substantial factors that could lead to a change in company control.